Architecture Billings Index Falls but Remains Positive

Washington, DC, Dec. 17, 2014 -- The Architecture Billings Index declined in November but remained positive for the seventh consecutive month.

The American Institute of Architects reported the November ABI score was 50.9, down from a mark of 53.7 in October.

Any score above 50 indicates an increase in billings. The new projects inquiry index was 58.8, following a mark of 62.7 the previous month.

A new indicator measuring the trends in new design contracts at architecture firms was 54.9.

“Demand for design services has slowed somewhat from the torrid pace of the summer, but all project sectors are seeing at least modest growth,” said AIA Chief Economist Kermit Baker.

“Architecture firms are expecting solid mid-single digit gains in revenue for 2014, but heading into 2015, they are concerned with finding quality contractors for projects, coping with volatile construction materials costs and with finding qualified architecture staff for their firms.”

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